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Cable Update (GBPUSD)

  • #7,901
  • Mar 8, 2007 6:52am Mar 8, 2007 6:52am
Quoting cesarnc
Okey... GB no-hike + EU hike = Dollar up...

Is Einstein in the room?
Just because the ECB raised rates does not mean that the eurusd rate should go up. The market priced this hike in a long time ago and the statement is more dovish than hawkish. There are some market players who thought there was a chance for the MPC to hike. If it didn't that would mean things look a lot more dovish to those market players. Here buy the rumor sell the news played out perfectly, also last night when nzdusd dropped 100pips on the RBNZ hike. Forex is not A+B=C!
  • #7,902
  • Mar 8, 2007 6:54am Mar 8, 2007 6:54am
Quoting cesarnc
Yeah, I'd like to know how does it feel to be a guy like Trichet, Greenspan, Bernanke.

You say "Hello" -> 2 pips up
You smile ->1 pip down
You start with "today we..." -> 5 pips up
Your cell phone rings -> 2 pips down
It is you wife -> 3 pips up..

on and on and on...

Sorry I'm bored..
yes vert bad market
march start vey bad i lost all Feb profits...
  • #7,903
  • Mar 8, 2007 6:55am Mar 8, 2007 6:55am
Quoting faure
Just because the ECB raised rates does not mean that the eurusd rate should go up. The market priced this hike in a long time ago and the statement is more dovish than hawkish. There are some market players who thought there was a chance for the MPC to hike. If it didn't that would mean things look a lot more dovish to those market players. Here buy the rumor sell the news played out perfectly, also last night when nzdusd dropped 100pips on the RBNZ hike. Forex is not A+B=C!
Yeah... looks like the market is now pricing next month's no-hike then
  • #7,904
  • Mar 8, 2007 6:55am Mar 8, 2007 6:55am
Quoting cesarnc
Choppy market time...

All that bunch of crap and no important level even tested... day's range 70-80 pips, for a rate statement ?

Gonna find a funeral here to cheer me up a notch...

Be back later...
Don't forget about NFP, you may get a whole lot more volatility than what you bargained for. Looking at eurusd, 1.3000 is a chip shot.
  • #7,905
  • Mar 8, 2007 7:02am Mar 8, 2007 7:02am
Quoting cesarnc
Yeah... looks like the market is now pricing next month's no-hike then
LOL: Your getting it!
  • #7,906
  • Mar 8, 2007 7:10am Mar 8, 2007 7:10am
Quoting faure
Don't forget about NFP, you may get a whole lot more volatility than what you bargained for. Looking at eurusd, 1.3000 is a chip shot.
I don't like NFP. It's been way to messy for all my health can handle. If NFP is going along with ADP, then we'll have a bad, bad figure...

This means dollar down?

Well, maybe not. 'cause there're geniuses that come up with a nice and comfortable "revision" just to get the market where it was few minutes before..

And with this Stock volatility, risk aversion, selloff, whatever, NO DOUBT the "good revision" rabbit will be taken out of the hat...
  • #7,907
  • Mar 8, 2007 7:17am Mar 8, 2007 7:17am
Quoting cesarnc

Gonna find a funeral here to cheer me up a notch...

Be back later...
Your morbid. haha
I dream, therefore I become.
  • #7,908
  • Mar 8, 2007 7:40am Mar 8, 2007 7:40am
All Stock Markets going up today, NYSE, too. We may see the return to the channel's upside later today...
  • #7,909
  • Mar 8, 2007 8:12am Mar 8, 2007 8:12am
Quoting cesarnc
I don't like NFP. It's been way to messy for all my health can handle. If NFP is going along with ADP, then we'll have a bad, bad figure...

This means dollar down?

Well, maybe not. 'cause there're geniuses that come up with a nice and comfortable "revision" just to get the market where it was few minutes before..

And with this Stock volatility, risk aversion, selloff, whatever, NO DOUBT the "good revision" rabbit will be taken out of the hat...
A bad figure would mean the eurusd should go higher but you're right, the revision rabbit may be pulled out of the hat.

We'll probably go sideways from now until tomorrow.
  • #7,910
  • Mar 8, 2007 8:23am Mar 8, 2007 8:23am
Break High today will be very acceptable
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,911
  • Mar 8, 2007 8:31am Mar 8, 2007 8:31am
Quoting faure
A bad figure would mean the eurusd should go higher but you're right, the revision rabbit may be pulled out of the hat.

We'll probably go sideways from now until tomorrow.
I've seen revisions for worse reasons (or no reason at all).

As The stock market is said to be "careful" and waiting NFP to make up the mind - bulls back - a bad NFP is a bad idea.

How harmful can a little "Cooked NFP" be?
  • #7,912
  • Mar 8, 2007 8:41am Mar 8, 2007 8:41am
Strong resistance around 9310. Need a break above to move my stop. 9280 seems to be offering support.
  • #7,913
  • Mar 8, 2007 12:26pm Mar 8, 2007 12:26pm
This s*** gets more and more complicated...
U.S. Stocks Pare Gains; New Century Tumbles on Bankruptcy Talk
By Michael Patterson
March 8 (Bloomberg) -- U.S. stocks pared their gains as New Century Financial Corp. tumbled on speculation the subprime mortgage lender may file for bankruptcy.
Shares of New Century plunged $1.05, or 20 percent, to $4.11. Investors were speculating the company would seek protection from creditors in bankruptcy court, said Brian Horey, general partner at Aurelian Partners LP in New York.
New Century didn't issue any new statements or federal filings before the stock, which had gained as much as 8.5 percent today, began plunging at midday. Laura Oberhelman, a spokeswoman for New Century, said the company doesn't comment on speculation or market rumors.




Still holding long from 9290, expecting boost to the upside... TP in the skyes, SL 9260 for emergency or manual at a clear breach of 9280s....

Another day, another nasty day to trade...
  • #7,914
  • Mar 8, 2007 12:40pm Mar 8, 2007 12:40pm
I'm long too, but this thing seems stuck again in a narrow channel !!! darn !!!
Sick of these days trades !!!
  • #7,915
  • Mar 8, 2007 12:42pm Mar 8, 2007 12:42pm
Quoting kaesar
I'm long too, but this thing seems stuck again in a narrow channel !!! darn !!!
Sick of these days trades !!!
I'm trusting in the carry response to another good day at the stock market, that's all... In 1.5 - 2h move must come, otherwise I'll get out... Asian session is being to crazy as to be faced with a tight stop.
  • #7,916
  • Mar 8, 2007 12:48pm Mar 8, 2007 12:48pm
I think i'll be out by tokyo open too
  • #7,917
  • Mar 8, 2007 12:59pm Mar 8, 2007 12:59pm
All NYSE indexes GREEN... It means Carries up, right?

Yes...

Are they going up shortly?

After a day like this, I have no idea...

  • #7,918
  • Mar 8, 2007 1:19pm Mar 8, 2007 1:19pm
I'm totally desperate right now, I can not figure out what's going to happen to cable in the next couple of days at all! :surprised
I haven't seen the price going this crazy (maaaad) since... never! Not good, definately not good. I liked gbp/usd sooo much! Please come back to us dear mother of all pairs and make us smile again by dropping thousands of pips in gorgeous waves, like the fresh breeze of the ocean...
  • #7,919
  • Mar 8, 2007 1:19pm Mar 8, 2007 1:19pm
Quoting cesarnc
All NYSE indexes GREEN... It means Carries up, right?

Yes...

Are they going up shortly?

After a day like this, I have no idea...

Nope...

guess we coming down...

F#$@$ Euro
  • #7,920
  • Mar 8, 2007 1:23pm Mar 8, 2007 1:23pm
Quoting MarkGavalda
I'm totally desperate right now, I can not figure out what's going to happen to cable in the next couple of days at all! :surprised
I haven't seen the price going this crazy (maaaad) since... never! Not good, definately not good. I liked gbp/usd sooo much! Please come back to us dear mother of all pairs and make us smile again by dropping thousands of pips in gorgeous waves, like the fresh breeze of the ocean...
I can barely figure out what is going on in the next hour...

Since it keeps ranging though the 23 fib (from big fall), there's no tech to trade! Never touched 38 yet...

The only "tech" I'm trading here is our friends buyers at 9280. If they loose their good mood, we're damned.
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